Financial transactions have become streamlined with the rise of instant loan apps, but this has also led to an increase in loan scams. It is important to be vigilant and follow a comprehensive checklist to protect your financial security.
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The government has asked banks to keep vigil and inform their customers of fraud in Mudra loans. The directive follows multiple instances of frauds related to Mudra loans which have come to light. There have been reports of several unsuspecting small loan seekers getting duped by fraudsters impersonating as facilitators of Mudra loans.
Every PAN has ten digits made up of a predetermined combination of alphabets and letters. The first five characters are always alphabets, followed by four digits and another alphabet.